OnScale, a global engineering software company headquartered in Silicon Valley, California, has opened new premises in Glasgow which will create 45 new engineering, developer and enterprise sales jobs, following a £450,000 Regional Selective Assistance (RSA) grant from Scottish Enterprise.
The funding for the Glasgow office expansion is part of an overall $10 million Series A investment into OnScale from Silicon Valley investors including Intel Capital and Gradient Ventures. $1 million of the overall funds have been allocated to grow the OnScale team in Scotland to further develop cutting-edge software and cloud technologies to allow high tech companies to reduce research and development costs and get the new technology to market quicker.
Products and services that will be developed at OnScale’s new premises include developing the world’s first simulation tools which aid components for 5G smart phones.
By expanding in Glasgow, OnScale will have greater access to an exceptional talent pool of high tech workers to advance all aspects of the business, from software development to engineering support, sales and marketing. OnScale engages with local universities across a range of activities including internships, training courses for students and support of doctoral training centres.
During a visit to OnScale’s new premises, Derek Mackay, Cabinet Secretary for Finance, Economy and Fair Work said: “This is a great demonstration of the confidence that major foreign investors have in Scotland as a place to lay down roots, in spite of the continuing uncertainty around Brexit.
“Of course this investment and the accompanying jobs created is great news for Glasgow, and will provide the next generation of software engineers even more opportunity to work and develop their skills in Scotland.
“As outlined in this year’s Programme for Government, we are determined to maximise foreign direct investment in Scotland, in order to grow the sectors that we can claim to be world class in, as well as building on emerging expertise and enabling technology to address major global challenges around ageing, climate change and wellbeing.”
Ian Campbell, Founder and CEO of OnScale said: “Scotland was and is home to countless engineers, scientists, and innovators. OnScale’s Cloud Engineering Simulation platform uses the electromagnetic equations formulated by James Clerk Maxwell of Edinburgh and the unit of power named after James Watt, inventor of the steam engine and Greenock native. By expanding our investment in Glasgow with support from Scottish Enterprise, OnScale will continue a long tradition of scientific and engineering innovation in Scotland.”
Suzanne Sosna, Head of Global Companies at Scottish Enterprise, said: “We’re thrilled that OnScale as a global leader in software development, has taken the decision to expand its operations in Glasgow.
“OnScale is a great example of an inward investor harnessing skills and talent in Glasgow by tapping into Scotland’s existing research and development assets to increase their skills and innovation capabilities.
“Providing support to innovative international companies, such as OnScale, to attract them to Scotland is a major priority for Scottish Enterprise as part of our Strategic Framework. We look forward to continuing to work in partnership with OnScale as the company develops its presence in Scotland.”